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Business Standard
15 hours ago
- Business
- Business Standard
Adani Enterprises Q1 results: Profit halves to ₹734 crore; Ebitda drops 12%
Adani Enterprises on Thursday reported a 49.5 per cent drop in its consolidated profit at ₹734.41 crore (attributed to the owners of the company) for the first quarter of the financial year 2025–26 (Q1 FY26). During the same quarter last year, the conglomerate saw ₹1,454.50 crore in net profit. Sequentially, profits dropped more than 80 per cent. In the last quarter of FY25, the company saw an exceptional gain of ₹3,286 crore that contributed to the rise. Meanwhile, consolidated revenue from operations rose 9.7 per cent year-on-year (Y-o-Y) to ₹27,961 crore, up from ₹25,472 crore. Quarter-on-quarter (Q-o-Q) growth was more modest, at 3.6 per cent. Total consolidated income dropped 13.7 per cent to ₹22,436.62 crore Y-o-Y, reflecting lower trade volumes and volatility in prices within its Integrated Resource Management (IRM) and commercial mining segments, the company said in its corporate filing. Adani Enterprises Q1 Ebitda drops Consolidated earnings before interest, tax, depreciation and amortisation (Ebitda) dropped 12 per cent to ₹3,786 crore. Of this, 74 per cent (₹2,800 crore) was contributed by AEL's incubating businesses, which include the group's green hydrogen, airports, roads, and data centre platforms. Ebitda from these businesses rose 5 per cent Y-o-Y. 'Our performance this quarter validates the strength of our infrastructure incubation model,' said Gautam Adani, Chairman, Adani Group. 'Led by a 61 per cent growth in our airport business, the incubating portfolio continues to outperform and is expected to unlock more value with assets like Navi Mumbai Airport and the Copper plant becoming operational this fiscal.' Adani Enterprises external debt stands at ₹52,667 crore As of June 2025, the company's net external debt stood at ₹52,667 crore, up from ₹49,306 crore in March. About 60 per cent of this debt has been deployed in airports, roads, and new industrial projects, which are expected to generate operating cash flows starting FY26
IOL News
24-07-2025
- Business
- IOL News
National Treasury confirms malware on infrastructure reporting platform
National Treasury has confirmed that it has "identified malware on its Infrastructure Reporting Model website National Treasury has confirmed that it has "identified malware on its Infrastructure Reporting Model website, the online infrastructure reporting and monitoring system". In a statement issued to the media late on Wednesday, the Treasury announced that it has isolated the IRM servers to assess the extent of the compromise and to ensure the security of its systems. "Considering recent media reports since Sunday regarding security incidents affecting Microsoft platforms in the USA, NT has requested Microsoft's assistance in identifying and addressing any potential vulnerabilities within its Information and Communication Technology ICT) environment,". the Treasury said.
Yahoo
22-07-2025
- Business
- Yahoo
What to Expect From Iron Mountain's Q2 2025 Earnings Report
Portsmouth, New Hampshire-based Iron Mountain Incorporated (IRM) provides records management, data management solutions, and information destruction services. Valued at $29.4 billion by market cap, the company serves banking, energy, entertainment, healthcare, insurance, law firm, life sciences, retail, and pharmaceutical industries. The global leader in information management services is expected to announce its fiscal second-quarter earnings for 2025 before the market opens on Wednesday, Aug. 6. Ahead of the event, analysts expect IRM to report an FFO of $1.10 per share on a diluted basis, up 161.9% from $0.42 per share in the year-ago quarter. The company has consistently surpassed Wall Street's FFO estimates in its last four quarterly reports. More News from Barchart Opendoor Stock Is Surging Higher in a Frenzied Retail Rally. How Should You Play OPEN Shares Here? This Penny Stock Wants to Become the MicroStrategy of Dogecoin Robinhood Stock Stumbles as S&P 500 Inclusion Is Once Again Off the Table for HOOD Get exclusive insights with the FREE Barchart Brief newsletter. Subscribe now for quick, incisive midday market analysis you won't find anywhere else. For the full year, analysts expect IRM to report FFO of $4.61 per share, up 160.5% from $1.77 per share in fiscal 2024. Its FFO is expected to rise 11.3% year over year to $5.13 per share in fiscal 2026. IRM stock has underperformed the S&P 500 Index's ($SPX) 14.5% gains over the past 52 weeks, with shares up marginally during this period. Similarly, it underperformed the Real Estate Select Sector SPDR Fund's (XLRE) 3.7% gains over the same time frame. IRM's underperformance can be attributed to intense competition from other industry players, which is likely to result in aggressive pricing strategies that could negatively impact the company's performance. Additionally, high interest expenses and negative foreign currency movements remain areas of concern for IRM's prospects. On May 1, IRM shares closed up more than 2% after reporting its Q1 results. Its adjusted FFO of $1.17 per share exceeded Wall Street expectations of $1.16 per share. The company's revenue was $1.59 billion, missing Wall Street forecasts of $1.60 billion. IRM expects full-year adjusted FFO in the range of $4.95 to $5.05 per share, and expects revenue in the range of $6.7 billion to $6.9 billion. Analysts' consensus opinion on IRM stock is bullish, with an overall 'Strong Buy' rating. Out of nine analysts covering the stock, seven advise a 'Strong Buy' rating, one suggests a 'Moderate Buy,' and one gives a 'Strong Sell.' IRM's average analyst price target is $115.78, indicating a potential upside of 17.3% from the current levels. On the date of publication, Neha Panjwani did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Sign in to access your portfolio
Business Wire
14-07-2025
- Business
- Business Wire
Iron Mountain Schedules Second Quarter 2025 Earnings Release and Conference Call
PORTSMOUTH, N.H.--(BUSINESS WIRE)-- Iron Mountain Incorporated (NYSE: IRM), a global leader in information management services, will report its second quarter 2025 financial results before market hours on Wednesday, August 6, 2025. The Company will also host a conference call to discuss results on the same day. The earnings press release, conference call slides, and supplemental financial information will be available at: under 'Quarterly Results' prior to the call on Wednesday, August 6, 2025. The webcast link can be accessed under 'Investor Events' and you may register directly for the webcast at the following link: Webcast Registration. Investors who would like to join the conference call are encouraged to use the Pre-Registration Link to gain immediate access to the call and bypass the live operator. Participants will be given a unique PIN and may pre-register at any time, including up to and after the call start time. Call and replay information are as follows: Call Date: Wednesday, August 6, 2025 Call Time: 8:30 A.M. (Eastern Time) Domestic Call Dial In: 1-844-890-1796 International Call Dial In: 1-412-717-9590 Telephonic replay available two hours after the conclusion of the call for one week. Replay Domestic Dial In: 1-877-344-7529 Replay International Dial In: 1-412-317-0088 Access Code: 1097926 About Iron Mountain Iron Mountain Incorporated (NYSE: IRM) is trusted by more than 240,000 customers in 61 countries, including approximately 95% of the Fortune 1000, to help unlock value and intelligence from their assets through services that transcend the physical and digital worlds. Our broad range of solutions address their information management, digital transformation, information security, data center and asset lifecycle management needs. Our longstanding commitment to safety, security, sustainability and innovation in support of our customers underpins everything we do. To learn more about Iron Mountain, please visit
Business Wire
19-06-2025
- Business
- Business Wire
Iron Mountain Provides Update on U.S. Government Digital Award
PORSTMOUTH, N.H.--(BUSINESS WIRE)--Iron Mountain (NYSE: IRM), a global leader in information management services, today provided an update on its recently awarded contract by the U.S. Department of the Treasury. The company has commenced work under the award and is actively digitizing documents and leveraging its proprietary intelligent digitization solution as part of the engagement. Earlier this week the U.S. Department of the Treasury issued a Request for Quotations (RFQ) for a new long-term engagement for digitalization as a service, with an expanded scope and a lengthened contract period of five years. If awarded, this new RFQ would incorporate the work awarded to Iron Mountain in April. The company welcomes the opportunity to compete for this larger and longer duration contract. Having successfully completed numerous digital transformation projects for the U.S. Government, having been awarded the earlier iteration of this opportunity, and having the benefit of doing the work under its current contract, Iron Mountain believes it is well positioned to provide the U.S. Government with a superior end-to-end solution that can fully support this efficiency initiative. The company has begun the process of responding to the RFQ and expects to submit its response before the government's July 11, 2025 deadline. In the meantime, we continue to work and be compensated under the initial award given the time criticality of the U.S. Government's requirement. As previously disclosed, the company has not included any benefit from the Department of Treasury award in its 2025 financial guidance. About Iron Mountain Iron Mountain Incorporated (NYSE: IRM) is trusted by more than 240,000 customers in 61 countries, including approximately 95% of the Fortune 1000, to help unlock value and intelligence from their assets through services that transcend the physical and digital worlds. Our broad range of solutions address their information management, digital transformation, information security, data center and asset lifecycle management needs. Our longstanding commitment to safety, security, sustainability and innovation in support of our customers underpins everything we do. To learn more about Iron Mountain, please visit
